Financial checklist for your summer vacation trip

A little planning now will have you relaxing in no time.

As the summer finally heats up, many will be making last-minute summer vacation travel plans. In fact, a recent survey shows almost 80 per cent of Canadians will leave town on vacation within the next few months. If you’re part of this group, you may find a vacation financial checklist handy. It will ensure you’ve addressed all the important financial stuff before you head out on the road, or fly off to some warm exotic location where you plan to sit on the beach all day long sipping Mai Tai.

Here’s some simple financial help in the form of 10 finance and money-related items for your checklist.

Create a budget

Determine how much you can afford to spend. And stick to your plan.

Check for ATM and debit payment access and costs

Relying on ATMs and debit payment abroad can be a recipe for trouble as you’ll often not only be charged fees by the service provider but also your financial institution. Find out about access and costs in advance so you can take steps to avoid surprises.

Automate your bill payments

Most financial institutions allow you to set up future bill payment through online banking, so you don’t miss bills while away.

Purchase foreign currency/carry some cash

It’s a good idea to carry some cash as ATMs and debit payment may not be available at some locations. Check beforehand how much foreign currency you can carry across the border.

Write down important contact/travel information

Losing your luggage, purse or wallet can be costly, in addition to being a major inconvenience. Write down the phone numbers for credit card providers and financial institutions and share this among your travel party, so you can quickly call to cancel your cards if stolen or lost. Include passport numbers and a number for the Canadian consulate if travelling abroad. You may also want to share your travel itinerary with close friends or family.

Carry both leading credit cards (VISA and MasterCard)

Some merchants may accept only one type of credit card. In addition to the convenience, some credit cards provide advantages like purchase insurance coverage.

Keep money and valuables in the hotel safe

It’s always better to lock away anything you would rather not lose while you’re out sightseeing.

Evaluate your insurance coverage (travel, auto, home)

Protect yourself with travel insurance, especially when travelling abroad. For road trips, make sure you have the right auto insurance because some policies only cover you for a certain number of kilometres a day. Check if your home and property insurance is up-to-date. Talk to your financial institution if you are unsure of what coverage you need.

Buy a money pouch/waist wallet for carrying money (and important documents)

These are helpful if you’ll be doing a lot of touring and want to ensure your money doesn’t fall prey to thieves.

Pay off credit card expenses

Once back, pay off any credit card balances as soon as possible to reduce interest costs.

Happy travels, wherever you go!

Kathy McGarrigle is Chief Operating Officer at Coast Capital Savings.

 

 

 

 

Surrey North Delta Leader

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Surrey students paint mural, paying homage to First Nations, at SkyTrain station

Artwork to showcase ‘positivity and racial inclusivity in the city’

PHOTOS: Residents showcased as ‘companion’ sculpture unveiled

Amica White Rock welcomes bronze guardian, celebrates resident talent

More than 50,000 checks: Surrey COVID-19 compliance, enforcement team’s role has ‘evolved’

Joint bylaw, RCMP team created to help with coronavirus education, support

Homemade explosives detonated in South Surrey

Police asking public for help identifying those responsible

White Rock highrise on hold after workers exhibit ‘severe’ overexposure symptoms

WorkSafeBC issued stop-work order at 1588 Johnston Rd. site on July 24

‘Don’t kill my mom’: Ryan Reynolds calls on young British Columbians to be COVID-smart

‘Deadpool’ celebrity responds to premier’s call for social influence support

Captain Horvat’s OT marker lifts Canucks to 4-3 win over Blues

Vancouver takes 2-0 lead in best-of-7 NHL playoff series with St. Louis

PHOTOS/VIDEO: Wings and Wheels set for weekend lift-off in Abbotsford

Fundraiser to raise money for Crystal Gala Foundation and the fight against breast cancer

Undercover video shows alleged animal abuse at Fraser Valley egg farm

One employee wearing logo of Chilliwack chicken-catching company already facing abuse charges

Widow of slain Red Deer doctor thanks community for support ahead of vigil

Fellow doctors, members of the public will gather for a physically-distanced vigil in central Alberta

Protesters showcase massive old yellow cedar as Port Renfrew area forest blockade continues

9.5-foot-wide yellow cedar measured by Ancient Forest Alliance campaigners in Fairy Creek watershed

Taking dog feces and a jackhammer to neighbourhood dispute costs B.C. man $16,000

‘Pellegrin’s actions were motivated by malice …a vindictive, pointless, dangerous and unlawful act’

Racist stickers at Keremeos pub leaves group uneasy and angry

The ‘OK’ hand gesture is a known hate-symbol

Most Read